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Can I have a co-borrower that is out of state?

by linda.ethan97 from Humboldt, Nebraska. Jun 15th 2016 Reply


Lorne Harvey (lorneharvey)
#81 ranked lender in Washington - 431 contributions

Absolutely!!!!!!!!!!!

Jun 15th 2016
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Cory Ure (coryure)
#46 ranked lender in Utah - 50 contributions

You sure can. It's called a "non-occupying co-borrower".

Jun 15th 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,626 contributions

More info needed, but in general.. Yes.. but lending products vary as to who is allow to co-sign for you. FHA requires the co signer be a relative or domestic partner.. Conventional guidelines are a little more lenient. VA does allow for co signers, but because of logistics of underwriting and loan delivery, it's near impossible to accomplish.. USDA also allows for cosigners, but they must live in the home with you.. so it wouldn't work for your scenario.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Jun 16th 2016
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